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China returns as 2nd top Bitcoin mining hub despite the crypto ban -Breaking

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China is back as the 2nd largest Bitcoin mining site despite crypto ban

The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest (BTCAccording to a report, ), mining hubs.

China was the second largest Bitcoin rate provider in January 2022. This is months after the Chinese government. Ban all cryptocurrency operationsThe latest update by the Cambridge Bitcoin Electricity Consumption Index(CBECI) was released to Cointelegraph on Tuesday.

Share of the country’s hash rate evolution. Source: CBECI